Copper Rises as Inventory Drop Continues Amid Robust China Data

Copper in London edged higher on stronger economic data out of top importer China and a continued slide in European inventories as traders weigh market impacts of conflict in the Middle East.

The industrial metal rose 0.6% Monday on the London Metal Exchange to settle at $9,703, reversing Friday’s losses. Copper futures are up nearly 11% since the start of the year. The LME’s European warehouses have seen copper volumes fall for 26 days straight, the longest run of declines since 2020.